Hub Group Inc (HUBG)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	849,245	1,056,700	894,288	672,835	640,221
Total current liabilities	US$ in thousands	658,210	691,770	687,069	529,105	507,364
Current ratio		1.29	1.53	1.30	1.27	1.26

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $849,245K ÷ $658,210K
= 1.29

Hub Group, Inc.'s current ratio has shown some fluctuations over the past five years. The current ratio measures the company's ability to cover its short-term liabilities using its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.

In 2023, the current ratio decreased to 1.29 from 1.53 in the previous year, indicating a slight reduction in the company's ability to cover its short-term obligations. However, the current ratio is still above 1, which suggests that Hub Group, Inc. has sufficient current assets to meet its short-term liabilities.

Looking back over the five-year period, the current ratio has generally been above 1, indicating that the company has maintained a strong liquidity position. The fluctuations seen in the current ratio may be driven by changes in the company's current assets and liabilities.

Overall, while the current ratio has fluctuated, Hub Group, Inc. has generally been able to meet its short-term obligations using its current assets, providing a degree of financial stability in the short term. However, it is important for the company to continue monitoring its current ratio to ensure it remains at an acceptable level to support its ongoing operations.